South African Rand Forecast: ZAR Bid on Sticky Inflation and Weaker USD

USD/ZAR has pushed off the 50-day moving average today as a weaker USD takes hold ahead of key US releases later today.

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EUR/USD Unchanged After ECB Minutes, Heavy Data Calendar Next Week

The single currency is barely changed after the release of the latest ECB minutes showed that a majority of members agreed with a 50bp rate hike, although others preferred to keep rates unchanged.

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Oil Price Forecast: WTI Enters Fourth Straight Day of Declines on Demand Concerns

A combination of relative dollar strength and tightening financial and credit conditions currently weigh on oil prices as global demand is brought into question

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XAU/USD Forecast: Fed Beige Book Provides Support for Gold Prices

Gold prices look to push back above the $2000 mark but could be hampered by Fed speakers later today.

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GBP/USD Capped by Cluster Resistance, USD/JPY Blasts Off after Bullish Breakout

GBP/USD rises, but bullish momentum wanes as prices approach cluster resistance. Meanwhile, USD/JPY extends its advance after clearing a key trendline late last week.

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Silver Price Forecast: XAG/USD Bullish Continuation Remains Constructive

The broader dollar downtrend combined with lower interest rate expectations continue to buoy non-interest-bearing commodities like silver

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FTSE, S&P 500 Latest: Inflation Concerns Weigh on Risk Appetite

UK CPI has led markets to anticipate a further 75 basis points of hikes to year end - weighing on the FTSE. Prominent Fed hawks have their say as S&P 500 finds resistance

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Gold (XAU/USD) Price Under Yield Pressure, Support Level Nears

The precious metal is testing near-term support as short-dated US Treasury yields press higher.

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Breaking News: UK Inflation Holds Above 10% for the 7th Consecutive Month

GBP/USD remained quietly cautious after elevated inflation data ‘hawkishly’ re-priced the BoE’s interest rate path.

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Gold Prices Gain as US Dollar Falls, Keep a Close Eye on Bearish Engulfing Follow-Through

Gold prices gained on Tuesday as the US Dollar fell. XAU/USD remains vulnerable to follow-through after a Bearish Engulfing emerged. How have retail traders changed their exposure?

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EUR/USD Bounces Off Confluence Support as Bulls Reemerge to Assert Market Control

EUR/USD pivots higher after two consecutive days of declines, with bulls swooping in to defend technical support and to spark a rebound off the psychological 1.0900 level.

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Gold Prices Gain as US Dollar Resumes Drop, XAU/USD Bounces off Channel Support

Gold regains ground after a subdued performance on Monday, with prices rebounding off channel support near the psychological $2000 level.

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Nasdaq 100 Update: US Stocks Gear up for Tech Earnings: Netflix, Tesla

Netflix and Tesla get the megacap tech stocks underway in the first earnings season of 2023. The Nasdaq has led other US indices as rate expectations and inflation ease

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EUR/USD Nudges Higher, German ZEW Misses as Economic Sentiment Wanes

The single currency is pushing higher against the greenback on US dollar weakness and eyes a re-test of 1.1000 in the near future.

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GBP Price Forecast: Things Get Tough for the BoE as UK Labor Data Surprises

GBP/USD is bid this morning after UK labor data showed faster wage growth that brought into consideration another rate hike from the BoE in May.

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China GDP Beats Expectations; Hang Seng and Shanghai Composite Index To Extend Gains?

China/Hong Kong equities could be gearing up for another leg higher as the recovery in the world’s second-largest economy picks up steam. What could be potential upside in the indices and what are the levels to watch?

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Gold Prices Slip as US Dollar Regains Vigor, Oil Repelled by Cluster Resistance

Gold prices retreat on Monday, undermined by broad-based U.S. dollar strength and rising U.S. Treasury yields. Meanwhile, oil turns lower after failing to clear cluster resistance at $82.60/$83.40.

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USD/JPY Breaks Major Trendline Resistance as USD/CAD Defies Key Moving Average

USD/JPY breaks above trendline resistance and reaches its best level since March 15. Meanwhile, USD/CAD rises for the second consecutive day, challenging its 200-day simple moving average.

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USD (DXY) Update: Manufacturing Data Lifts Downtrodden Dollar

The US dollar has received a boost from an unlikely manufacturing print that adds weight behind the developing pullback

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AUD/USD Price Forecast: Aussie Dollar Sets Eyes on RBA Minutes

AUD/USD trades around the key 0.67 support level as focus shifts to the RBA meeting minutes and Chinese GDP tomorrow.

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